§32B-2-5. Administration of chapter.
(a) This chapter shall be administered by the commissioner of
this state.

(b) Neither the commissioner nor any employees of the
commissioner may use any information that is filed with or obtained
by the commissioner that is not public information for personal
gain or benefit, nor may the commissioner nor any employees of the
commissioner conduct any securities or commodity dealings
whatsoever based upon any such information, even though public, if
there has not been a sufficient period of time for the securities
or commodity markets to assimilate the information.

(c)(1) Except as provided for in subdivision (2) of this
subsection, all information collected, assembled or maintained by
the commissioner is public information and is available for the
examination of the public as provided by the Freedom of Information
Act in chapter twenty-nine-b of this code.

(2) The following exceptions to subdivision (1) of this
subsection are confidential:

(A) Information obtained in private investigations pursuant to
section one of this article;

(B) Information made confidential by the provisions of the
Freedom of Information Act in chapter twenty-nine-b of this code;
and

(C) Information obtained from federal agencies that cannot be
disclosed under federal law.

(3) The commissioner may disclose any information made
confidential under paragraph (A), subdivision (2), subsection (c)
of this section to persons identified in subsection (a), section
six of this article.

(4) No provision of this chapter creates or negates any
privilege that exists at common law, by statute or otherwise, when
any documentary or other evidence is sought under subpoena directed
to the commissioner or any employee of the commissioner.